Central Bank Plans to Attract 200 Million Manat

At the deposit auction on March 31, the Central Bank of Azerbaijan plans to raise AZN 200 million.

The funds will be attracted for a period of 14 days, at a weighted average rate of 12.01% -14.99%.

Since June 2016, the Central Bank has started holding deposit auctions. According to international practice, the main purpose of deposit auctions is sterilization of the money supply. During the deposit auctions, the Central Bank accepts deposits of commercial banks for placement.   ----71D

Leave a review

Economics

Follow us on social networks

News Line